TMTB EOD Wrap
The AI‑focused semiconductor sector surged as the QQQ index rose 1.5%, while Apple fell 2% after a lukewarm AI showcase at WWDC. Marvell (MRVL) jumped 10% after its S&P 500 inclusion and announced capacity to meet a 50% revenue target for 2024. Intel (INTC) rallied 11% on news that Google ordered over three million Tensor Processing Units for 2028, confirming Intel’s role in AI chip manufacturing. Memory leaders Micron (MU) and SunPower (SNDK) rebounded on strong NAND demand, and semiconductor equipment makers ASML, Applied Materials and Lam Research posted double‑digit gains amid a narrative of a structural AI‑memory supply shortage.
Equity Bulls Sitting On Tons Of Paper Profit Lock Some In Last Fri, More Likely On The Way
Equity markets, already overbought, saw a sharp pullback after the May jobs report showed 172,000 new jobs and a 4.30% unemployment rate, prompting traders to lock in gains. The report triggered an eight‑basis‑point jump in 10‑year Treasury yields, ending a...
Head of US Equity and Quant Strategy at BoA Sees Too Many Red Flags in Stock Markets
Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Securities, warned that the S&P 500 shows many red flags reminiscent of early 2020. She highlighted energy’s strong momentum, overvalued tech and communications, and consumer staples lagging...
The Market Brief
Wall Street’s record‑setting rally has stalled, putting the S&P 500’s nine‑week winning streak at risk as renewed US‑Iran hostilities push oil higher and revive inflation concerns. The index is now powered by a narrow band of mega‑cap growth stocks, with...
TMTB Morning Wrap
Futures rose 30 basis points with semiconductor stocks leading gains; Marvell Technology (MRVL) jumped 11% after CEO Jensen’s $1 trillion market cap comment and speculation of an S&P 500 addition, while Intel (INTC) gained 6% on positive Bank of America remarks. Palo...
TMTB Morning Wrap
Nvidia announced its RTX Spark 3nm chip, promising up to 1 petaFLOP of local AI performance and 128 GB unified memory, sending ARM shares up 11% while rivals Intel, AMD and Qualcomm fell. Cadence unveiled a Level‑5 autonomous virtual engineer that can...
Summer Lull or Summer Pullback? Why the Next Dip Is a Buying Opportunity
The S&P 500 has surged roughly 20% since its late‑March correction low, propelled by strong first‑quarter earnings and upbeat guidance for the current year. A pervasive AI investment narrative is cushioning the market from inflationary pressures, rising interest rates, and...
Major US Stock Indices Extend Gains to New Record Highs on US-Iran Deal Optimism
U.S. equity indexes pushed to fresh all‑time highs as investors cheered news of a 60‑day US‑Iran memorandum extending the cease‑fire and opening nuclear talks. The S&P 500 rose 0.44% and the Nasdaq added 0.58% following the Axios report, while market focus...
Inflating, But Not Stagnating
U.S. equities surged to fresh all‑time highs as the S&P 500, Nasdaq and DJIA rallied on news of a 60‑day cease‑fire extension between the United States and Iran. The market brushed aside ExxonMobil’s warning that dwindling oil inventories could lift crude...
‘The Perfect Picture’ Of The Melt-Up Zeitgeist
U.S. equities hovered near record highs as a narrow group of ten mega‑cap stocks—chiefly AI‑linked and semiconductor names—accounted for roughly 70% of the S&P 500’s 19% rally since late March. Nomura’s Charlie McElligott warns that the market’s “right‑tail” crash risk is...
TMTB EOD Wrap; SNOW CRM First Takes
Snowflake surged 30% after reporting product revenue up 34% YoY, the strongest growth since early 2025, and raised its full‑year margin outlook to 13.5%. The company also announced a $6 billion partnership with Amazon to supply Graviton chips for its data‑cloud...
S&P 500, Nasdaq Catapulted to New Highs by Micron and Tech as Traders Monitor Shaky Iran Negotiations: Live Updates
U.S. equity indexes surged to fresh record levels on May 26, with the S&P 500 climbing above 5,300 and the Nasdaq breaching the 16,000 mark. The rally was sparked by Micron Technology’s earnings beat and upbeat guidance, which lifted the...
Record Highs and Thinning Hedges
The S&P 500 posted its eighth consecutive weekly gain, the longest streak since 2023, while Nvidia (NVDA) delivered a 6% earnings beat but slipped nearly 5% by week’s end. Options data show dealer gamma in NVDA moving from a strong positive...
Climbing the Wall of Worry
Despite heightened geopolitical tension over Iran and volatile oil prices, U.S. equities kept climbing last week. The S&P 500 found firm support at its cloud level and pushed toward new highs, showing that strong markets can absorb bad news without breaking....
Thursday Morning Espresso | The Simple Side Daily
Nvidia reported a record‑breaking fiscal quarter, posting $28 billion in revenue and a 262% year‑over‑year earnings surge, driven by AI‑chip demand. Meanwhile, SpaceX’s founder Elon Musk hinted at a potential initial public offering for the launch‑services unit, sparking speculative trading activity....